Jul 1, 2020

John Lewis planning to cut jobs and stores

Department store owner John Lewis is planning to cut jobs and stores in an effort to slash costs. The firm said it had come to terms with the fact it has too much store space. The number of stores and jobs affected has yet to be decided, John Lewis said. "As difficult as it is, it is highly unlikely we will reopen all our John Lewis stores. However, no decision has been made and any details would be shared with Partners first by the middle of July.". The retailer, which also owns Waitrose, launched a review of the business which it said would involve "Right sizing" its stores across both brands.

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